The Challenges of Crypto Legislation Amid Trump's Business Interests, Says Rep. French Hill

Overview

Rep. French Hill discussed the intricacies surrounding cryptocurrency legislation at the Consensus 2025 event in Toronto. He highlighted how President Donald Trump’s business ventures in cryptocurrency, including the release of his TRUMP memecoin, have obstructed bipartisan efforts to pass stablecoin legislation.

Key Points

Hill acknowledged that Trump’s personal investments in crypto pose challenges for moving policy forward.
Despite these challenges, Hill believes there is a chance for passing legislation this summer.
He remains optimistic about bipartisan support for crypto regulation despite some members’ frustrations regarding potential conflicts of interest.

Quotes

Hill stated, “Despite the politics around the Trump memecoin and crypto investments that has definitely made our work more complicated, I still argue that behind the scenes, you’ve got constructive members from both sides of the Capitol and in both political parties working to find consensus.”

Hill believes that there is a shared understanding that stablecoin regulations and a market structure bill are both necessary for effective legislation. He expressed determination to meet Trump’s request for both bills to reach his desk before the month-long recess in August.

French Hill speaking at Consensus 2025